Blackwood

Real estate market monitoring. May 2010

Дата выпуска: 28 июня 2010

Количество страниц: 13

Срок предоставления работы: 1 день

ID: 35614

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In this market monitoring, you can find information about the residential and commercial market development in Moscow and Moscow Region in May 2010.

Demand declined versus previous spring months, since the vacation season is approaching and the market traditionally sees a drop in buyer activity.

The elite primary market didn't see any price growth. The average price level was mainly influenced by changes in the supply pattern and fluctuations in the currency rate. As a result, the dollar price dropped and the ruble price remained at practically the same level.

In May 2010 the commercial office space market saw positive signs as the business activity continued to grow and the prices came more in line with potential tenants and buyers' expectations which results in the growing number of lease and sale transactions.

Still, even though the commercial property market shows substantial recovery, it doesn't affect the price level which remains stable.

Among important events in the retail market, we should mention the opening of the Dunkin' Donuts. Still, May brought some bad news: Tsifrograd and Technosila chains filed for bankruptcy, 12 Mesyatsev chain of food stores left the market.

There were no new hotels launched in Moscow hotel market in May 2010. As for new supply, the Park Inn Nevsky was opened in Nevsky Prospect in St. Petersburg, which became the most important event in the market in May.

In May 2010, the countryside residential market of Moscow Region traditionally experienced a decline in activity due to long May holidays and vacations.

We should say that the market saw gradual recovery in spring 2010. In comparison with spring 2009, the number of transactions grew, potential buyers were more active and the number of incoming calls and countryside property visits increased.

Категории: Строительство и недвижимость/Недвижимость
Россия

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Contents

1. Residential real estate market.............................................................. 3

2. Office market.................................................................................... 5

3. Retail market..................... ............................................................... 7

4. Hotels market......................... .......................................................... 9

5. Countryside real estate market ............................................................ 11

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